234,794. Magazine App E-Newsletter Website Social Media. 11 E-Newsletters. Average E-Newsletter Recipients: 234,794

Transcription

1 ANNUAL AUDIT REPORT APRIL 1, 2015 MARCH 31, 2016 Established rd Avenue, 5 th Floor Issues Per Year: 25 New York, NY Issues This Report: 24 (212) (212) FAX PUBLICATION DESCRIPTION Publishing every two weeks, supplemented with daily, weekly, and online delivery of news, supplier profiles, destination guides, marketing/sales programs, and educational material, TRAVEL AGENT s portfolio of print and online products provide agents the tools they can use to sell more travel more effectively. Magazine 45,076 FIELD SERVED/DEFINITION OF RECIPIENT QUALIFICATION TRAVEL AGENT serves travel agents, travel agencies, home based agents, tour operators, and others allied to the field. Qualified recipients are owners, presidents, vice presidents, directors, general managers, managers, frontline travel agents, travel agents, travel consultants, and other titled and non-titled personnel in the field served. Newsletter 234,794 Average Audience Reach 452,763 App 120 Social Media 82,875 Website 89,898 AUDIENCE REACH: APRIL 1, 2015 MARCH 31, 2016 Magazine App E-Newsletter Website Social Media 25 Issues per year 11 E-Newsletters Average Monthly Qualified Unduplicated Magazine Distribution: 45,076 Qualified Print: 36,128 Qualified Digital: 14,097 Total Downloads: 1,440 Average Downloads: 120 Average E-Newsletter Recipients: 234,794 Caribbean News, Cruise News, Daily News & Deals, Destination Weddings & Honeymoon News, Europe News, Hawaii & South Pacific News, Home-Based Travel Agent News, Las Vegas News, Mexico & Latin America News, Mreport, The Dossier from Luxury Travel Advisor, Top 10, Total Users: 1,078,774 Total Page Views: 2,428,082 Average Monthly Users: 89,898 Average Monthly Page Views: 202,340 Total Facebook Lifetime Likes: 43,507 Total Twitter Followers: 39,368 Average Audience Reach calculated by combining average monthly qualified unduplicated magazine distribution, average newsletter recipients, average monthly users, total Facebook lifetime Likes, and total Twitter Followers. Average Audience Reach contains duplicate recipients. Average total qualified unduplicated calculated by dividing the total qualified print, digital, and print and digital distribution for the period April 1, 2015 March 31, 2016 by 12 months. Average monthly e-newsletter recipients calculated by combining the 12-month averages (net delivered) of 11 newsletters for the period April 1, 2015 March 31, 2016 (includes duplicate recipients). Average monthly users calculated by dividing the total users for the period April 1, 2015 March 31, 2016 by 12 months. Average monthly page views calculated by dividing the total page views for the period April 1, 2015 March 31, 2016 by 12 months. Facebook Lifetime Likes as of March 31, Total Twitter Followers as of March 31, Please see the following pages for Annual Audit Report: Integrated Audience Engagement, Recipient Classification, Subscription Source, Recency of Renewal, Business/Industry and Job Title Classification, Geographical Distribution, Digital Activity Report; Social Media Activity, Web Activity, Newsletter Activity, Qualified Circulation by Issue, Explanation and Audit of Internal Records and Affidavit. Printed on Recycled Paper Copyright 2016 V erified Audit Circulation

2 ANNUAL AUDIT REPORT: INTEGRATED AUDIENCE Analysis conducted on March 30, 2016 INTEGRATED AUDIENCE ENGAGEMENT Business Type Total Total Travel Travel Daily Hawaii & Mexico & Home-Based The Unduplicated Duplicated Agent Agent News & Caribbean Cruise Europe South Pacific Latin America Vegas Top Travel Agent Dossier Reach Reach Magazine University* Deals News News News News News News 10News News News Destination Weddings & Honeymoons News Mreport a. Travel Agent 77, ,308 45,705 29,029 23,924 27,675 28,345 22,475 22,409 21,636 21,670 22,712 26,921 19,284 10,386 2,137 b. Tour Operator 1,614 6, c. Other 1,577 6, Total Number of Respondents 80, ,520 46,672 29,904 25,255 28,878 29,485 23,621 23,243 22,587 22,442 24,138 28,006 20,524 10,491 2,274 Non-Respondents 24,191 9, , TOTAL AUDIENCE 104, ,284 46,672 30,693 26,207 29,562 30,114 24,382 23,796 23,160 23,097 24,690 28,899 22,983 10,690 2,339 This is an analysis of the 104,486 unique audience members of the Travel Agent Central brand of products as of March 30, Recipients were asked the question "What is your primary business at this location?" during the subscription process for magazines and newsletters. The Total Unduplicated Reach is the number of unique recipients of Travel Agent Central products. The Total Duplicated Reach is the sum of the number of recipients of all products associated with the Travel Agent Central brand. * Travel Agent University is an online extension of Questex Custom Solutions, a division of the Questex Travel Group, which services accredited travel agents recognized by IATA, ARC or CLIA. The method used for identifying duplicate records was by selecting a match rule comprised of a set of match criteria, wherein the match rule is selected based on a category associated with the record, and wherein the set of match criteria identifies one or more attributes of the record and one or more match operators for matching the record and determining, based on the match rule, whether the record matches any records. Name, address, phone number and were the four match criteria used to determine potential duplicate records in the database. Copyright 2016 Verified Audit Circulation

3 ANNUAL AUDIT REPORT Analysis conducted on the March 21, 2016 Issue INTEGRATED AUDIENCE ENGAGEMENT BY INFORMATION PRODUCT INFORMATION PRODUCT Reach Travel Agent Magazine 46,672 Travel Agent University Members 30,693 Daily News & Deals 26,207 Caribbean E-Newsletter 29,562 Cruise News E-Newsletter 30,114 Europe E-Newsletter 24,382 Hawaii & South Pacific E-Newsletter 23,769 Mexico & Latin America E-Newsletter 23,160 Las Vegas E-Newsletter 23,097 Top 10 E-Newsletter 24,690 Home-Based Travel Agent E-Newsletter 28,899 The Dossier from Luxury Travel Advisor E-Newsletter 22,983 Destination Wedding & Honeymoon E-Newsletter 10,690 Mreport 2,339 TOTAL DUPLICATED REACH 347,284 TOTAL UNDUPLICATED REACH 104,486 DEFINITION OF INTEGRATED AUDIENCE: The audience database analyzed within this audit report consists of individuals who receive content associated with the Travel Agent Central brand in one or more of 14 information products, including magazines and e-newsletters. Above are the gross numbers of individuals for each information product (analyzed March 30, 2016). Since any one individual may receive more than one product, the sum is the Total Duplicated Reach. Please see the Integrated Audience Engagement for additional details. RECIPIENT CLASSIFICATION Non-Paid Paid Non-Paid Paid Total Qualified RECIPIENT Print Print Digital Digital Unduplicated* Percent Individual by Name and Title and/or Company 37, , , % Individual by Name Only Title Only Company Name Only Total Qualified Circulation 37, , , % * Combined print and digital will not equal Total Qualified Unduplicated. SUBSCRIPTION SOURCE AND RECENCY OF RENEWAL Non-Paid Paid Non-Paid Paid Renewed, Requested, or Updated Within Total Qualified RECIPIENT Print Print Digital Digital 1 Year 2 Years 3 Years 3+ Years** Unduplicated* Percent Direct Request from the Recipient 23, , ,854 7, , % Request from Recipient's Company % Association/Group/Directory Lists 12,858-5,970-15,195 3, , % Total Qualified Circulation 37, , ,473 11, , % * Combined print and digital will not equal Total Qualified Unduplicated. ** Includes paid subscriptions.

4 ANNUAL AUDIT REPORT Analysis conducted on the March 21, 2016 Issue BUSINESS/INDUSTRY AND JOB TITLE CLASSIFICATION Non-Paid Paid Non-Paid Paid Travel Owner/ Total Qualified Business Description Print Print Digital Digital Agent President Manager Other** Unduplicated* Percent Travel Agent 36,940-13,807-20,784 23,792 2, , % Tour Operator % Other % Total Qualified Circulation 37, , ,998 24,320 3, , % Source: Business Description Travel Agent Manager includes vice presidents and directors. * Combined print and digital will not equal Total Qualified Unduplicated. ** Includes non-respondents. SUPPLMENTAL DATA: JOB TITLE CLASSIFICATION Non-Paid Paid Non-Paid Paid Travel Owner/ Total Qualified Business Description Print Print Digital Digital Agent President Manager Other** Unduplicated* Percent Home-Based Travel Agent*** 14,622-5,758-9,632 7, , % * Combined print and digital will not equal Total Qualified Unduplicated. ** Includes non-respondents. *** This is a supplementary analysis of 18,203 or 38.2% of the recipients who have the industry classification of Travel Agent (47,665) and responded to the question: "Are you a home-based agent? during the qualification process.

5 ANNUAL AUDIT REPORT Analysis conducted on the March 21, 2016 Issue U.S. GEOGRAPHICAL DISTRIBUTION Non-Paid Paid Non-Paid Paid Total Qualified Non-Paid Paid Non-Paid Paid Total Qualified REGION Print Print Digital Digital Unduplicated* Percent REGION Print Print Digital Digital Unduplicated* Percent Maine % Kentucky % New Hampshire % Tennessee % Vermont % Alabama % Massachusetts , % Mississippi % Rhode Island % E. S. Central 1, , % Connecticut % Arkansas % New England 1, , % Louisiana % New York 2, , , % Oklahoma % New Jersey 1, , % Texas 2, , % Pennsylvania 1, , % W. S. Central 3, ,114-4, % Mid Atlantic 5, , , % Montana % Delaware % Idaho % Maryland 1, , % Wyoming % D.C % Colorado % Virginia , % New Mexico % West Virginia % Arizona % North Carolina , % Utah % South Carolina % Nevada % Georgia 1, , % Mountain 2, , % Florida 4, ,320-5, % Alaska % S. Atlantic 9, ,972-11, % Washington % Ohio 1, , % Oregon % Indiana % California 5, ,557-6, % Illinois 1, , % Hawaii % Michigan 1, , % Pacific 6, ,906-7, % Wisconsin % U.S. Territories % E. N. Central 4, ,672-6, % U.S. Total 37, , , % Minnesota % Canada ,986-2, % Iowa % Foreign % Missouri % Foreign Total ,357-2, % North Dakota % South Dakota % Nebraska % Kansas % W. N. Central 2, , % Total Qualified 37, , , % * Combined print and digital will not equal Total Qualified Unduplicated.

6 ANNUAL AUDIT REPORT Analysis conducted on the March 21, 2016 Issue QUALIFIED CIRCULATION BY ISSUE Non-Paid Paid Non-Paid Paid Non-Paid Paid Total ISSUE Print Only Print Only Print & Digital Print & Digital Digital Only Digital Only Qualified 04/06/15 29, ,945-7, ,804 04/20/15 29, ,949-7,890-44,717 05/04/15 29, ,952-7,744-44,606 05/18/15 31, ,654-9, ,044 06/01/15 31, ,578-8, ,990 06/15/15 31, ,571-8, ,857 07/06/15 30, ,340-8, ,570 07/20/15 30, ,900-9, ,609 08/10/15 31, ,446-8, ,979 08/24/15 30, ,086-9, ,537 09/07/15 30, ,066-9, ,528 09/21/15 30, ,036-8, ,405 10/05/15 30, ,988-8, ,338 10/19/15 30, , , ,595 11/02/15 30, , , ,668 11/16/15 31, , , ,586 12/07/15 30, , ,705-44,523 12/21/15 30, , ,742-44,510 12/28/15 30, , ,725-44,545 01/11/16 30, , ,673-44,452 01/25/16 30, , ,682-44,499 02/08/16 30, , ,784-44,873 03/07/16 33, , ,539-48,837 03/21/16 34, , ,238-48,752 6 Month Average 30, ,627-8, , Month Average 30, ,148-8, ,076 * 02/22/16 issue omitted from averages.

7 SOCIAL MEDIA ACTIVITY FACEBOOK ACTIVITY TRAVEL AGENT MAGAZINE VISITOR ACTIVITY Total Lifetime Likes 43,507 Information for Facebook activity was obtained by a review of publisher s Facebook likes on March 31, The review was done independently. In Verified s opinion, the Facebook activity is fairly stated in this report. Definitions: Lifetime Likes The total number of Likes a Facebook Page received, as of the end of a specified date range. TWITTER ACTIVITY Tweets 15,079 Followers 39,368 Information for Twitter activity was obtained by a review of publisher s Twitter handle (@TravelAgentMag) as of March 31, The review was done independently. In Verified s opinion, the Twitter activity is fairly stated in this report. Definitions: Tweets A message posted via Twitter containing 140 characters or fewer. Follower A follower is another Twitter user who has opted in to receive Tweets from the publisher s Twitter account. MOBILE ACTIVITY APPS DOWNLOADED: APRIL 1, 2015 MARCH 31, 2016 MONTH Downloads ipad/iphone App 823 Android App Month Total 1, Month Average 120 Information for Mobile Activity was obtained by a review of publisher s Blue Toad Insights reports, itunes Connect data, Google Play daily user install data for the period April 1, 2015 March 31, The review was done independently. In Verified s opinion, the Mobile Activity is fairly stated in this report. Definitions: Download New downloaded/installation from a single device.

8 WEB ACTIVITY WEB VISITOR ACTIVITY VISITOR ACTIVITY April 1, 2015 March 31, 2016 Sessions Users Total Page Views Average Pages Per Session Average Session Duration April ,572 99, , :00:59 May ,808 99, , :00:57 June , , , :00:56 July , , , :01:09 August , , , :01:19 September ,553 86, , :01:16 October , , , :01:11 November ,484 88, , :01:07 December ,262 80, , :01:01 January , , , :01:00 February , , , :01:06 March , , , :01:07 TOTAL 1,747,315 1,078,774 2,428, :01:05 Information for web visitor activity was obtained by a review of publisher s Google Analytics for the period April 1, 2015 March 31, The review was done independently. In Verified s opinion, the web visitor activity is fairly stated in this report. Total includes duplicate users. Definitions: Sessions Total number of Sessions within the date range. A session is the period time a user is actively engaged with the website, app, etc. All usage data (Screen Views, Events, Ecommerce, etc.) is associated with a session. Users Users that have had at least one session within the selected date range. Includes both new and returning users. Total Page Views Page views is the total number of pages viewed. Repeated views of a single page are counted. Average Pages Per Session Pages/Session (Average Page Depth) is the average number of pages viewed during a session. Repeated views of a single page are counted. Average Session Duration The average length of a Session. Travel Agent Central Monthly Web Traffic Sessions Page views 243, , , , , , , , , , , , , , , , , , , , , , , ,262 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar. 2016

9 WEB ACTIVITY (Continued) 70.0% 60.0% 60.7% Visitors 50.0% 40.0% 39.3% 30.0% 20.0% 10.0% 0.0% New Visitor (1,060,372) Returning Visitor (686,943) Visitor Geographic Location 80.0% 72.3% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 6.9% 3.3% 1.4% 1.5% 1.0% 0.8% 0.8% 0.5% 0.5% 11.0% Information for web visitor activity was obtained by a review of publisher s Google Analytics for the period April 1, 2015 March 31, The review was done independently. In Verified s opinion, the web visitor activity is fairly stated in this report.

10 NEWSLETTER ACTIVITY AVERAGE E-NEWSLETTER DELIVERY: APRIL 1, 2015 MARCH 31, 2016 Issues Issues Average Average E-NEWSLETTER Per Year This Report Sent Net Delivery Caribbean News ,975 24,284 Cruise News ,969 26,384 Daily News & Deals ,227 24,551 Destination Weddings & Honeymoons News ,515 9,191 Europe News ,826 22,229 Hawaii & South Pacific News ,781 21,144 Home-Based Travel Agent News ,812 28,039 Las Vegas News ,766 20,237 Mexico & Latin America News ,520 19,971 Mreport The Dossier from Luxury Travel Advisor ,072 16,392 The Top Ten ,351 21,760 E-NEWSLETTER DELIVERY BY ISSUE CARIBBEAN NEWS: APRIL 1, 2015 MARCH 31, 2016 ISSUE DATE Sent Net Delivered ISSUE DATE Sent Net Delivered 04/02/15 26,517 25,961 10/01/15 24,952 24,304 04/09/15 26,421 25,333 10/08/15 24,758 24,175 04/16/15 26,319 25,259 10/15/15 24,708 24,113 04/23/15 25,352 24,839 10/22/15 24,668 24,052 04/30/15 25,521 24,680 10/29/15 24,642 23,953 Average April ,026 25,214 Average October ,746 24,119 05/07/15 25,497 24,746 11/12/15 24,589 23,601 05/14/15 25,453 24,708 11/19/15 24,590 24,060 05/14/15 25,466 24,694 11/25/15 24,610 23,992 05/21/15 25,412 24,805 Average November ,596 23,884 05/28/15 25,382 24,804 12/03/15 24,641 24,151 Average May ,442 24,751 12/10/15 24,623 24,131 06/04/15 25,355 24,596 12/17/15 24,603 24,076 06/11/15 25,330 24,709 12/31/15 24,588 24,048 06/18/15 25,317 24,654 Average December ,614 24,102 06/24/15 24,962 23,776 01/07/16 24,588 24,108 06/25/15 25,298 24,650 01/14/16 24,578 24,074 Average June ,252 24,477 01/21/16 24,614 24,078 07/02/15 25,247 24,508 01/28/16 24,622 23,259 07/05/15 25,239 24,552 Average January ,601 23,880 07/16/15 25,224 24,620 02/04/16 24,618 23,241 07/23/15 25,204 24,637 02/11/16 24,589 24,105 07/30/15 25,182 24,581 02/18/16 24,545 24,090 Average July ,219 24,580 02/25/16 24,518 24,001 08/06/15 25,173 24,197 Average February ,568 23,859 08/20/15 25,086 24,464 03/03/16 24,509 23,994 08/27/15 25,076 24,511 03/10/16 24,507 24,017 08/31/15 25,139 24,441 03/17/16 24,504 24,013 Average August ,119 24,403 03/24/16 24,488 23,987 09/03/15 25,041 24,466 03/31/16 24,472 23,963 09/10/15 25,019 24,382 Average March ,496 23,995 09/17/15 24,995 23,596 AVERAGE 24,975 24,284 Average September ,018 24,148

11 CRUISE NEWS: APRIL 1, 2015 MARCH 31, 2016 ISSUE DATE Sent Net Delivered ISSUE DATE Sent Net Delivered 04/06/15 28,402 27,845 10/05/15 26,977 26,290 04/13/15 28,339 27,446 10/12/15 26,748 26,113 04/20/15 27,559 27,025 10/19/15 26,660 26,088 04/27/15 27,544 27,123 10/26/15 26,677 26,089 Average April ,961 27,360 Average October ,766 26,145 05/04/15 27,486 27,096 11/02/15 26,644 26,036 05/11/15 27,483 26,726 11/09/15 26,604 25,919 05/18/15 27,430 26,935 11/16/15 26,592 25,775 Average May ,466 26,919 11/23/15 26,597 26,096 06/01/15 27,394 26,828 11/30/15 26,636 26,126 06/08/15 27,375 26,845 Average November ,615 25,990 06/15/15 27,357 26,354 12/07/15 26,608 26,113 06/22/15 27,325 26,583 12/14/15 26,596 26,119 06/29/15 27,298 26,082 12/21/15 26,567 26,090 Average June ,350 26,538 12/28/15 26,557 26,076 07/06/15 27,278 26,749 Average December ,582 26,100 07/13/15 27,259 26,859 01/01/16 26,538 26,092 07/20/15 27,250 26,675 01/04/16 26,548 26,101 07/27/15 27,210 26,602 01/18/16 26,577 26,123 Average July ,249 26,721 01/25/16 26,572 26,104 08/03/15 27,198 26,619 Average January ,559 26,105 08/10/15 27,189 26,574 02/01/16 26,574 25,105 08/17/15 27,161 26,136 02/07/16 26,418 25,949 08/24/15 27,120 26,560 02/08/16 26,563 26,098 08/31/15 27,103 26,553 02/15/16 26,496 26,056 Average August ,154 26,488 02/22/16 26,464 26,022 09/14/15 27,047 26,480 02/29/16 26,440 25,985 09/21/15 27,026 26,424 Average February ,493 25,869 09/28/15 26,995 26,388 03/14/16 26,412 25,956 Average September ,023 26,431 03/21/16 26,418 25,949 03/28/16 26,398 25,929 Average March ,409 25,945 AVERAGE 26,969 26,384

12 DAILY NEWS & DEALS: APRIL 1, 2015 MARCH 31, 2016 MONTHLY AVERAGE Sent Net Delivered April ,248 25,405 May ,746 25,005 June ,613 24,906 July ,474 24,872 August ,348 24,707 September ,234 24,539 October ,976 24,277 November ,846 24,158 December ,754 24,179 January ,821 24,150 February ,878 24,170 March ,787 24,245 AVERAGE 25,227 24,551 DESTINATION WEDDINGS & HONEYMOONS: APRIL 1, 2015 MARCH 31, 2016 ISSUE DATE Sent Net Delivered April ,634 9,282 May ,338 8,924 June ,366 9,137 July ,425 9,211 August ,465 9,242 September ,506 9,294 October ,528 8,952 November ,491 9,118 December ,522 9,326 January ,557 9,336 February ,667 9,065 March ,675 9,407 AVERAGE 9,515 9,191

13 EUROPE NEWS: APRIL 1, 2015 MARCH 31, 2016 ISSUE DATE Sent Net Delivered ISSUE DATE Sent Net Delivered 04/06/15 24,135 23,495 10/05/15 22,812 22,142 04/13/15 24,068 23,078 10/12/15 22,635 22,009 04/20/15 23,386 22,775 10/19/15 22,562 22,102 04/27/15 23,356 22,693 10/26/15 22,565 21,983 Average April ,736 23,010 Average October ,644 22,059 05/04/15 23,305 22,598 11/02/15 22,533 21,948 05/11/15 23,295 22,547 11/09/15 22,501 21,858 05/18/15 23,247 22,745 11/16/15 22,496 21,750 Average May ,282 22,630 11/23/15 22,494 21,970 06/01/15 23,217 22,643 Average November ,506 21,882 06/08/15 23,195 22,657 12/07/15 22,504 21,978 06/15/15 23,159 22,277 12/14/15 22,490 21,955 06/22/15 23,143 22,443 12/21/15 22,472 21,970 06/29/15 23,115 22,255 12/28/15 22,460 21,925 Average June ,166 22,455 Average December ,482 21,957 07/06/15 23,084 22,526 01/04/16 22,442 21,925 07/13/15 23,066 22,634 01/11/16 22,444 21,943 07/20/15 23,051 22,493 01/18/16 22,476 21,991 07/27/15 23,039 22,477 01/25/16 22,465 21,952 Average July ,060 22,533 Average January ,457 21,953 08/03/15 23,009 22,410 02/01/16 22,468 21,199 08/10/15 23,012 22,394 02/08/16 22,448 21,955 08/17/15 22,991 22,098 02/12/16 22,400 21,905 08/24/15 22,962 22,447 02/22/16 22,371 21,900 08/31/15 22,936 22,419 02/26/16 22,347 21,864 Average August ,982 22,354 Average February ,407 21,765 09/04/15 22,898 22,419 03/07/16 22,329 21,804 09/14/15 22,882 22,331 03/14/16 22,321 21,834 09/21/15 22,856 22,254 03/21/16 22,324 21,820 09/28/15 22,833 22,341 03/28/16 22,300 21,805 Average September ,867 22,336 Average March ,319 21,816 AVERAGE 22,826 22,229

14 HAWAII & SOUTH PACIFIC NEWS: APRIL 1, 2015 MARCH 31, 2016 ISSUE DATE Sent Net Delivered ISSUE DATE Sent Net Delivered 04/01/15 23,132 22,628 10/07/15 21,611 21,056 04/08/15 23,043 22,229 10/14/15 21,580 21,023 04/15/15 22,969 21,831 10/21/15 21,554 20,985 04/22/15 22,030 21,355 10/28/15 21,533 20,969 04/29/15 22,310 21,898 10/07/15 21,570 21,008 Average April ,697 21,988 Average October ,611 21,056 05/06/15 22,280 21,648 11/04/15 21,508 20,867 05/13/15 22,254 21,117 11/11/15 21,475 20,755 05/20/15 22,227 21,702 11/18/15 21,485 20,958 05/27/15 22,197 21,655 11/25/15 21,456 20,903 Average May ,240 21,531 Average November ,481 20,871 06/03/15 22,167 21,626 12/02/15 21,434 20,925 06/10/15 22,142 21,449 12/09/15 21,429 20,892 06/17/15 22,127 21,454 12/16/15 21,421 20,932 06/24/15 22,094 21,381 12/23/15 21,416 20,911 Average June ,133 21,478 12/30/15 21,408 20,882 07/01/15 22,054 21,413 Average December ,422 20,908 07/08/15 22,050 21,528 01/06/16 21,400 20,899 07/15/15 22,021 21,008 01/20/16 21,416 20,547 07/22/15 21,993 21,461 01/27/16 21,418 20,168 07/29/15 21,979 21,447 01/31/16 21,379 20,892 Average July ,019 21,371 Average January ,403 20,627 08/05/15 21,953 21,361 02/03/16 21,412 20,147 08/12/15 21,944 21,399 02/10/16 21,390 20,914 08/19/15 21,923 21,346 02/17/16 21,345 20,857 08/26/15 21,893 21,350 02/24/16 21,315 20,797 Average August ,928 21,364 Average February ,422 16,335 09/02/15 21,868 21,312 03/02/16 21,310 20,748 09/09/15 21,845 21,263 03/09/16 21,297 20,788 09/16/15 21,818 21,211 03/16/16 21,287 20,796 09/23/15 21,809 21,211 03/23/16 21,285 20,538 09/30/15 21,783 20,889 03/30/16 21,274 20,755 Average September ,825 21,177 Average March ,291 20,725 AVERAGE 21,781 21,144

15 HOME-BASED TRAVEL AGENT NEWS: APRIL 1, 2015 MARCH 31, 2016 ISSUE DATE Sent Net Delivered ISSUE DATE Sent Net Delivered 04/02/15 30,504 29,952 10/01/15 28,750 28,042 04/09/15 30,356 29,230 10/08/15 28,607 27,934 04/16/15 30,286 29,203 10/15/15 28,536 27,847 04/23/15 29,237 28,717 10/22/15 28,490 27,775 Average April ,427 28,584 10/29/15 28,464 27,410 05/07/15 29,391 28,585 Average October ,569 27,802 05/14/15 29,348 28,577 11/05/15 28,423 27,671 05/21/15 29,315 28,723 11/12/15 28,394 27,317 05/28/15 29,287 28,689 11/19/15 28,382 27,727 Average May ,335 28,644 Average November ,400 27,572 06/04/15 29,260 28,499 12/03/15 28,451 27,838 06/11/15 29,220 28,593 12/10/15 28,424 27,743 06/18/15 29,198 28,537 12/17/15 28,386 27,743 06/25/15 29,174 28,438 Average December ,420 27,775 Average June ,213 28,517 01/07/16 28,378 27,753 07/02/15 29,127 28,439 01/14/16 28,376 27,735 07/09/15 29,126 28,402 01/21/16 28,431 27,770 07/16/15 29,090 28,095 01/28/16 28,444 26,948 07/23/15 29,060 28,466 Average January ,407 27,552 07/30/15 29,034 28,420 02/04/16 28,432 26,885 Average July ,087 28,364 02/11/16 28,388 27,742 08/06/15 29,027 28,032 02/18/16 28,330 27,696 08/13/15 28,988 28,265 02/25/16 28,279 27,605 08/20/15 28,939 28,272 Average February ,357 27,482 08/27/15 28,895 28,293 03/03/16 28,241 27,563 Average August ,962 28,216 03/10/16 28,234 27,596 09/10/15 28,829 28,134 03/17/16 28,222 27,566 09/17/15 28,794 27,362 03/24/16 28,206 27,548 09/24/15 28,766 27,714 03/31/16 28,182 27,488 09/30/15 28,851 28,209 Average March ,217 27,552 Average September ,810 27,855 AVERAGE 28,812 28,039

16 LAS VEGAS NEWS: APRIL 1, 2015 MARCH 31, 2016 ISSUE DATE Sent Net Delivered ISSUE DATE Sent Net Delivered 04/08/15 21,688 20,991 10/07/15 20,638 20,262 04/22/15 20,783 20,209 10/21/15 20,573 20,198 Average April ,236 20,600 Average October ,606 20,230 05/06/15 21,036 20,464 11/04/15 20,537 20,044 05/20/15 21,011 20,549 11/18/15 20,535 20,025 Average May ,024 20,507 Average November ,536 20,035 06/03/15 20,987 20,504 12/02/15 20,585 19,981 06/17/15 20,971 20,371 12/16/15 20,573 20,149 Average June ,979 20,438 12/30/15 20,564 20,105 07/01/15 20,929 20,341 Average December ,574 20,078 07/12/15 20,909 20,426 01/13/16 20,562 20,159 07/15/15 20,921 20,321 01/27/16 20,604 19,422 07/29/15 20,907 20,450 Average January ,583 19,791 Average July ,917 20,385 02/10/16 20,573 20,148 08/26/15 20,864 20,377 02/24/16 20,521 20,110 Average August ,864 20,377 Average February ,547 20,129 09/09/15 20,842 20,349 03/09/16 20,510 20,080 09/23/15 20,814 20,294 03/23/16 20,501 19,832 Average September ,828 20,322 Average March ,506 19,956 AVERAGE 20,766 20,237

17 MEXICO NEWS: APRIL 1, 2014 MARCH 31, 2015 ISSUE DATE Sent Net Delivered ISSUE DATE Sent Net Delivered 04/07/15 21,753 21,051 10/06/15 20,487 19,400 04/14/15 21,690 20,866 10/13/15 20,362 19,872 04/21/15 20,698 20,108 10/20/15 20,299 19,813 04/28/15 20,988 20,623 10/27/15 20,302 19,813 04/07/15 21,282 20,662 Average October ,363 19,725 Average April ,753 21,051 11/03/15 20,272 19,544 05/05/15 20,959 20,166 11/09/15 20,252 19,658 05/12/15 20,941 20,160 11/17/15 20,259 19,441 05/19/15 20,905 20,431 11/24/15 20,234 19,831 05/26/15 20,889 20,418 Average November ,254 19,619 Average May ,924 20,294 12/01/15 20,212 19,716 06/02/15 20,856 20,369 12/08/15 20,190 19,742 06/09/15 20,853 20,378 12/15/15 20,186 19,718 06/16/15 20,836 20,249 12/22/15 20,171 19,740 06/23/15 20,812 20,398 12/29/15 20,163 19,708 06/30/15 20,776 20,270 Average December ,184 19,725 Average June ,827 20,333 01/05/16 20,152 19,672 07/07/15 20,777 20,315 01/12/16 20,154 19,678 07/14/15 20,747 20,304 01/19/16 20,190 19,738 07/21/15 20,728 20,220 01/26/16 20,199 19,645 07/28/15 20,715 20,267 Average January ,174 19,683 Average July ,742 20,277 02/02/16 20,195 19,021 08/04/15 20,696 20,206 02/09/16 20,169 19,769 08/11/15 20,706 20,277 02/16/16 20,132 19,750 08/17/15 20,685 19,852 02/23/16 20,093 19,698 08/25/15 20,644 20,149 Average February ,147 19,560 Average August ,683 20,121 03/01/16 20,087 19,527 09/01/15 20,628 20,135 03/08/16 20,077 19,650 09/08/15 20,603 20,124 03/14/16 20,067 19,642 09/15/15 20,581 19,854 03/22/16 20,067 19,639 09/22/15 20,562 20,064 03/29/16 20,061 19,633 09/29/15 20,545 20,021 Average March ,072 19,618 Average September ,584 20,040 AVERAGE 20,520 19,971

18 MREPORT: APRIL 1, 2015 MARCH 31, 2016 ISSUE DATE Sent Net Delivered ISSUE DATE Sent Net Delivered 11/05/ /03/16 2,142 2,050 11/11/ /10/16 2,170 2,134 11/18/ /17/16 2,196 2,157 11/25/ /24/16 2,217 2,177 November 2015 Average Average February ,181 2,130 12/02/ /02/16 2,245 2,207 12/09/ /09/16 2,282 2,242 12/15/ /16/16 2,321 2,275 12/23/15 1,111 1,091 03/23/16 2,351 2,287 12/30/15 1,151 1,125 03/30/16 2,373 2,332 December 2015 Average March 2016 Average 2,314 2,269 01/06/16 1,224 1,201 AVERAGE /13/16 1,705 1,674 01/20/16 1,773 1,709 01/27/16 1,821 1,738 January 2016 Average 1,631 1,581 THE DOSSIER FROM LUXURY TRAVEL ADVISOR: APRIL 1, 2015 MARCH 31, 2016 MONTHLY AVERAGE Sent Net Delivered April ,486 16,747 May ,355 16,795 June ,299 16,796 July ,268 16,756 August ,224 16,676 September ,612 14,905 October ,439 15,842 November ,035 16,371 December ,034 16,461 January ,052 16,456 February ,050 16,431 March ,991 16,464 AVERAGE 17,072 16,392

19 TOP TEN: APRIL 1, 2015 MARCH 31, 2016 ISSUE DATE Sent Net Delivered ISSUE DATE Sent Net Delivered 04/03/15 23,442 22,865 10/02/15 22,398 21,770 04/10/15 23,359 22,567 10/09/15 22,242 21,705 04/17/15 22,695 21,770 10/16/15 22,155 21,470 04/24/15 22,474 21,786 10/23/15 22,176 21,629 Average April ,993 22,247 10/30/15 22,150 21,253 05/01/15 22,613 21,656 Average October ,224 21,565 05/08/15 22,600 21,693 11/06/15 22,118 21,537 05/15/15 22,569 21,996 11/13/15 22,121 21,396 05/22/15 22,560 22,013 11/20/15 22,108 21,658 05/29/15 22,538 21,972 Average November ,116 21,530 Average May ,576 21,866 12/04/15 22,084 21,631 06/05/15 22,541 21,970 12/11/15 22,068 21,611 06/12/15 22,522 22,022 12/18/15 22,061 21,576 06/26/15 22,506 21,916 Average December ,071 21,606 Average June ,523 21,969 01/08/16 22,084 21,638 07/10/15 22,508 22,101 01/15/16 22,088 21,680 07/17/15 22,497 21,979 01/22/16 22,157 21,697 07/24/15 22,483 21,950 01/29/16 22,178 21,014 07/31/15 22,466 21,935 Average January ,127 21,507 Average July ,489 21,991 02/05/16 22,165 20,985 08/07/15 22,469 21,959 02/12/16 22,135 21,701 08/14/15 22,459 21,847 02/19/16 22,102 21,665 08/21/15 22,439 21,842 02/26/16 22,082 21,657 08/28/15 22,447 21,938 Average February ,121 21,502 Average August ,454 21,897 03/04/16 22,075 21,593 09/04/15 22,426 21,803 03/11/16 22,075 21,616 09/11/15 22,418 21,821 03/18/16 22,085 21,653 09/16/15 22,525 21,775 03/25/16 22,077 21,627 09/18/15 22,422 21,840 Average March ,078 21,622 09/25/15 22,402 21,840 AVERAGE 22,351 21,760 Average September ,439 21,816

20 ANNUAL AUDIT REPORT Analysis conducted on the March 21, 2016 Issue EXPLANATION Publisher is not required to submit data for all paragraphs/tables. Print and Digital totals include recipients who receive both the print and digital edition. Total Unduplicated includes those recipients who receive a print only, digital only and/or both a print and a digital edition. Qualified recipients of the digital edition are notified via when the digital version is available. Digital Qualified Individual Subscriptions have opted-in to receive the digital edition. Digital Qualified Association/Group/Directory lists meet the publisher s Definition of Recipient Qualification, but have not opted-in to receive the digital edition. Digital Qualified Association/Group/Directory includes qualified direct request print subscribers to whom the publisher serves the digital edition. Digital Activity Report features data that has not been audited. Trade Show/Special Event Distribution Locations: Date(s) Attended City, State # of Copies Cruise3sixty 04/22/15-04/26/15 Fort Lauderdale, FL 200 Virtuoso Travel Week 08/08/15-08/23/15 Las Vegas, NV 100 ASTA Global Convention 08/29/15-09/01/15 Washington, DC 800 Travel Industry Exchange 09/15/15-09/17/15 Orlando, FL 600 Signature Travel Networks Sales Meeting & Tradeshow 11/05/15-11/07/15 Las Vegas, NV 2,450 TOTAL 4,150 Source for Association/Group/Directory Distribution Lists: Date(s) Added to File Travel Agent University members 03/2016 Social123 03/2016 Verified has conducted an audit of printing, distribution, and financial records, as well other data to substantiate circulation data submitted to Verified. This audit followed guidelines prepared in conformity with generally accepted circulation auditing procedures involving records covering all distribution methods utilized for qualified circulation during the period(s) covered by the reports. The results of this audit warrant the issuance of this audit report as a true and accurate statement of the qualified circulation of the client publication. Verified Audit Circulation swears that to the best of its knowledge, all statements contained in this report are true and accurate. 900 Larkspur Landing Circle, Suite 230, Larkspur, CA Telephone